Interstate Hotels & Resorts and Waramaug Hospitality LLC Complete Major Renovation and Conversion of Tampa Hotel (United States)
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Interstate Hotels & Resorts and Waramaug Hospitality LLC Complete Major Renovation and Conversion of Tampa Hotel (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2012-07-31
Former Crowne Plaza is Now the Sheraton Tampa East Hotel
Interstate Hotels & Resorts, the largest U.S.-based global hotel management company, today announced the completion of a $9 million comprehensive renovation of the former Crowne Plaza hotel and conversion to the Sheraton Tampa East Hotel. The hotel was acquired last fall by a joint venture between Interstate Hotels & Resorts, Waramaug Hospitality LLC, and a private investment group. Interstate operates the Sheraton Tampa East Hotel under a long-term management agreement. Waramaug Hospitality Asset Management LLC provided project and asset management for the renovation and conversion to the Sheraton brand.
“We have a great team that was able to renovate all areas of the hotel in a very short period of time,” said Jay Litt, asset manager for Waramaug Hospitality Asset Management LLC. “We wanted the conversion to be completed in time for the Republican National Convention this summer, and our team was able to finish the work with time to spare.”
The renovation included upgrades to all 265 guestrooms, the property’s 30,000 square feet of meeting space, and all public areas including adapting the hotel’s reception area to Sheraton’s signature lobby, the Link@Sheraton experience. Additional amenities include the fully renovated, full-service restaurant, Panfilio’s Bar and Grille, Sheraton Club Lounge, an outdoor heated pool, tennis courts and upgraded fitness facility featuring the brand’s Sheraton Fitness programmed by Core Performance™.
All 265 renovated guestrooms feature oversized work desks, custom-designed ergonomic chairs, high-speed Internet, LCD flat panel televisions, MP3 docking stations and the Sheraton Sweet Sleeper bed. Sheraton Tampa East Hotel’s 30,000 square feet of meeting and event space includes a 5,000-square-foot ballroom, 24 meeting rooms and a poolside pavilion for receptions.
Conveniently located off I-75, Sheraton Tampa East Hotel boasts a prime location close to major corporations, within five miles from the Tampa Convention Center and the Seminole Hard Rock Hotel and Casino, ten miles from downtown Tampa, and 16 miles from Tampa International Airport (TPA). The hotel is easily accessible to leading attractions including Busch Gardens Tampa Bay, Brandon Town Center and Ford Amphitheater.
About Interstate Hotels & Resorts
Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide. Interstate and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 70,000 rooms in North America, Europe and Asia-Pacific. The Company has ownership in 58 of those hotels, including six wholly owned hotels. In addition, Interstate has executed agreements to manage 45 hotels with more than 8,300 rooms under construction or development throughout the world.
About Waramaug Hospitality LLC and Waramaug Hospitality Asset Management LLC
Waramaug Hospitality LLC, headed by Chief Executive Officer Paul Nussbaum, founder of Patriot American Hospitality, is an active acquirer of hotels nationally. Waramaug Hospitality Asset Management LLC, the asset management affiliate of Waramaug Hospitality, has in-depth capabilities and experience in hotel asset management and renovations. Jay Litt, a former Executive Vice President of Wyndham International, leads the company’s asset management responsibilities.
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